{"id":3869,"date":"2025-03-18T10:04:35","date_gmt":"2025-03-18T02:04:35","guid":{"rendered":"https:\/\/insurance.vincent-chen.com\/tw\/?p=3869"},"modified":"2025-04-09T10:07:08","modified_gmt":"2025-04-09T02:07:08","slug":"%e4%bf%9d%e9%9a%aa%e6%a5%ad%e9%81%a9%e7%94%a8ifrs17%e6%8a%98%e7%8f%be%e7%8e%87%e7%ad%89%e7%9b%b8%e9%97%9c%e8%a6%8f%e5%ae%9a","status":"publish","type":"post","link":"https:\/\/insurance.vincent-chen.com\/tw\/%e4%bf%9d%e9%9a%aa%e6%a5%ad%e9%81%a9%e7%94%a8ifrs17%e6%8a%98%e7%8f%be%e7%8e%87%e7%ad%89%e7%9b%b8%e9%97%9c%e8%a6%8f%e5%ae%9a\/","title":{"rendered":"\u8a02\u5b9a\u300c\u4fdd\u96aa\u696d\u9069\u7528IFRS17\u6298\u73fe\u7387\u7b49\u76f8\u95dc\u898f\u5b9a\u300d"},"content":{"rendered":"<p>\u91d1\u878d\u76e3\u7763\u7ba1\u7406\u59d4\u54e1\u6703\u3000\u4ee4<br \/>\n\u767c\u6587\u65e5\u671f\uff1a\u4e2d\u83ef\u6c11\u570b114\u5e743\u670818\u65e5<br \/>\n\u767c\u6587\u5b57\u865f\uff1a\u91d1\u7ba1\u4fdd\u8ca1\u5b57\u7b2c11404901651\u865f<br \/>\n\u3000<br \/>\n\u4e00\u3001\u4fdd\u96aa\u696d\u4f9d\u4e2d\u83ef\u6c11\u570b\u4e00\u767e\u5341\u4e8c\u5e74\u5341\u4e8c\u6708\u4e8c\u5341\u4e5d\u65e5\u4fee\u6b63\u767c\u5e03\u4e4b\u4fdd\u96aa\u696d\u5404\u7a2e\u6e96\u5099\u91d1\u63d0\u5b58\u8fa6\u6cd5(\u4e0b\u7a31\u6e96\u5099\u91d1\u8fa6\u6cd5)\u7b2c\u4e09\u689d\u8a08\u7b97\u570b\u969b\u8ca1\u52d9\u5831\u5c0e\u6e96\u5247\u7b2c\u5341\u4e03\u865f\u516c\u5831\u300c\u4fdd\u96aa\u5408\u7d04\u300d\uff08IFRS17\uff09\u4e4b\u4fdd\u96aa\u5408\u7d04\u8ca0\u50b5\u53ca\u6c7a\u5b9a\u6e96\u5099\u91d1\u8fa6\u6cd5\u7b2c\u56db\u689d\u6240\u5b9a\u6298\u73fe\u7387\u6700\u4f73\u4f30\u8a08\u5047\u8a2d\uff0c\u61c9\u4f9d\u4e0b\u5217\u8aaa\u660e\u8fa6\u7406\uff1a<!--more--><br \/>\n(\u4e00)\u9664\u5831\u7d93\u672c\u6703\u6838\u51c6\u5916\uff0c\u6298\u73fe\u7387\u61c9\u4f9d\u4e0b\u5217\u65b9\u5f0f\u6c7a\u5b9a\uff1a<br \/>\n\uff11\u3001\u4f9d\u570b\u969b\u4fdd\u96aa\u76e3\u7406\u5b98\u5354\u6703\uff08International Association of Insurance Supervisors\uff0cIAIS\uff09\u65bc\u4e00\u767e\u5341\u4e09\u5e74\u5341\u4e8c\u6708\u4e94\u65e5\u767c\u5e03\u4e4b\u4fdd\u96aa\u8cc7\u672c\u6a19\u6e96\uff08Insurance Capital Standard\uff0cICS\uff09\u898f\u5b9a\uff0c\u4ee5\u7121\u98a8\u96aa\u5229\u7387\u52a0\u8a08\u6d41\u52d5\u6027\u8cbc\u6c34\u65b9\u5f0f\u5efa\u69cb\uff0c\u5176\u4e2d\u5404\u5e63\u5225\u7121\u98a8\u96aa\u5229\u7387\u61c9\u4f9d\u4e09\u6bb5\u5f0f\u5efa\u69cb\u6cd5\uff08Three-Segment Approach\uff0cTSA\uff09\u6c7a\u5b9a\uff0c\u7b2c\u4e8c\u6bb5\u61c9\u4ee5Smith-Wilson\u6a21\u578b\u9032\u884c\u5916\u63d2\uff1b\u5404\u5546\u54c1\u6240\u5c6cICS\u5340\u9694\u5e33\u6236\u4e4b\u6d41\u52d5\u6027\u8cbc\u6c34\u5247\u4f9dICS\u898f\u5b9a\u4e4b\u4e09\u6876\u6cd5\uff08Three Bucket Approach\uff0cTBA\uff09\u4e26\u63a1\u975e\u7dda\u6027\u905e\u6e1b\u52a0\u8a08\u65b9\u5f0f\u6c7a\u5b9a\uff08\u4e0b\u7a31TBA\u6d41\u52d5\u6027\u8cbc\u6c34\uff09\uff0c\u5176\u4e2d\u65bc\u5224\u65b7\u4e2d\u9593\u6876\uff08Middle Bucket\uff09\u6a19\u6e96C\u6642\uff0c\u812b\u9000\u98a8\u96aa\u63a1\u7121\u98a8\u96aa\u5229\u7387\u6298\u73fe\u3002<\/p>\n<p>\uff12\u3001\u914d\u5408\u672c\u6703\u4e00\u767e\u5341\u4e8c\u5e74\u5341\u4e00\u6708\u4e8c\u5341\u4e09\u65e5\u5ba3\u5e03\u4e4b\u5229\u7387\u8f49\u63db\u63aa\u65bd\uff0c\u92b7\u552e\u6642\u61c9\u9069\u7528\u4e4b\u8cac\u4efb\u6e96\u5099\u91d1\u5229\u7387\u9054\u767e\u5206\u4e4b\u516d\u4ee5\u4e0a\u4fdd\u55ae\uff08\u4e0b\u7a31\u9ad8\u5229\u7387\u4fdd\u55ae\uff09\u5f97\u4ee5\u4e94\u5341\u57fa\u9ede\uff0850bps\uff09\u70ba\u4e0a\u9650\u5168\u671f\u5e73\u884c\u758a\u52a0\u6d41\u52d5\u6027\u8cbc\u6c34\uff0c\u4e14\u8a72\u9ad8\u5229\u7387\u4fdd\u55ae\u6d41\u52d5\u6027\u8cbc\u6c34\u4e00\u7d93\u9078\u5b9a\u5373\u61c9\u4e00\u81f4\u9069\u7528\u3002<\/p>\n<p>\uff13\u3001\u65bc\u6c7a\u5b9a\u672c\u4ee4\u4e00(\u4e00)\uff11\u898f\u5b9a\u4e4b\u6d41\u52d5\u6027\u8cbc\u6c34\u6642\uff0c\u61c9\u81f3\u5c11\u65bc\u6bcf\u5b63\u5e95\u66f4\u65b0\u8cc7\u7522\u6b0a\u91cd\u3001TBA\u5224\u65b7\u7d50\u679c\u3001\u73fe\u91d1\u6d41\u91cf\u5339\u914d\u5e74\u5ea6\u3014M\uff0c\u542b\u89c0\u5bdf\u5339\u914d\uff08Total Observed Matching\uff0cTOM\uff09\u6bd4\u7387\uff08\u4e0b\u7a31Tom ratio\uff09\u3015\u53ca\u8cc7\u7522\u8207\u8ca0\u50b5\u5229\u5dee\u654f\u611f\u5ea6\uff08Modulation Factor\uff0cMF\uff09\u3002<\/p>\n<p>\uff14\u3001\u4e0b\u5217\u9805\u76ee\u5982\u8a55\u4f30\u5c0d\u8ca1\u52d9\u7d50\u679c\u5f71\u97ff\u4e0d\u91cd\u5927\uff0c\u53ef\u8003\u91cf\u5c0d\u8ca1\u52d9\u7d50\u679c\u4e4b\u91cd\u5927\u6027\uff0c\u65bc\u5404\u5e74\u5ea6\u6240\u8a55\u4f30\u53ef\u5bb9\u5fcd\u8aa4\u8ff0\u7bc4\u570d\u5167\u63a1\u7c21\u5316\u65b9\u5f0f\u8655\u7406\uff1a<br \/>\n(\uff11)\u65bcTBA\u4e4bBucket\u5224\u65b7\u53ca\u8a08\u7b97\u89c0\u5bdf\u5339\u914dTom ratio\u6642\u4e0d\u7d0d\u5165MF\u8abf\u6574\u6a5f\u5236\u3002<br \/>\n(\uff12)\u4ee5\u540c\u5e63\u5225\u4e14\u540cBucket\u5224\u65b7\u7d50\u679c\u63a1\u5408\u4f75\u8a08\u7b97MF\u3002<br \/>\n(\uff13)\u6295\u8cc7\u578b\u5546\u54c1\u76f4\u63a5\u63a1\u7528\u4e00\u822c\u6876\uff08General Bucket\uff0cGB\uff09\u8cbc\u6c34\u4e14MF\u7b49\u65bc\u4e00\u3002<\/p>\n<p>\uff15\u3001\u904e\u6e21\u65e5\u5982\u63a1IFRS17 \u9644\u9304C\u898f\u5b9a\u4e4b\u5b8c\u5168\u6216\u4fee\u6b63\u5f0f\u8ffd\u6eaf\u6cd5\u6642\uff0c\u9664\u7d93\u672c\u6703\u6838\u51c6\u5916\uff0c\u61c9\u4f9d\u672c\u4ee4\u4e00(\u4e00)\uff11\u898f\u5b9a\u8fa6\u7406\uff0c\u60df\u6709\u95dc\u5404\u53c3\u6578\u66f4\u65b0\u983b\u7387\uff0c\u5982\u8a55\u4f30\u5c0d\u8ca1\u52d9\u7d50\u679c\u5f71\u97ff\u4e0d\u91cd\u5927\uff0c\u53ef\u8003\u91cf\u5c31\u8ca1\u52d9\u7d50\u679c\u4e4b\u91cd\u5927\u6027\uff0c\u65bc\u5404\u5e74\u5ea6\u6240\u8a55\u4f30\u53ef\u5bb9\u5fcd\u8aa4\u8ff0\u7bc4\u570d\u5167\uff0c\u4f9d\u4e0b\u5217\u898f\u5b9a\u8abf\u6574\uff1a<br \/>\n(\uff11)\u7121\u98a8\u96aa\u5229\u7387\u8207\u5e02\u5834\u5229\u5dee\u61c9\u81f3\u5c11\u65bc\u6bcf\u5b63\u5b63\u5e95\u66f4\u65b0\u3002<br \/>\n(\uff12)TBA\u9069\u683c\u6027\u5224\u65b7\u3001M\u3001Tom ratio\u3001MF\u4ee5\u53ca\u8cc7\u7522\u6b0a\u91cd\u66f4\u65b0\u983b\u7387\u7b49\u9805\u76ee\uff0c\u5f97\u5ef6\u9577\u66f4\u65b0\u983b\u7387\uff0c\u60df\u6700\u9577\u4e0d\u5f97\u8d85\u904e\u4e00\u5e74\u3002<\/p>\n<p>\uff16\u3001IFRS17\u5c65\u7d04\u73fe\u91d1\u6d41\u91cf\u4e4b\u8a08\u7b97\uff0c\u61c9\u4f9d\u4e0b\u5217\u898f\u5b9a\u8fa6\u7406\uff1a<br \/>\n(\uff11)\u6700\u4f73\u4f30\u8a08\u8ca0\u50b5\u4e4b\u8cbb\u7528\u7bc4\u570d\uff0c\u63a1\u53ef\u76f4\u63a5\u6b78\u5c6c\u65bc\u5c65\u884c\u4fdd\u96aa\u5408\u7d04\u7d44\u5408\u4e4b\u76f8\u95dc\u8cbb\u7528\uff0c\u5305\u542b\u8207\u6295\u8cc7\u5831\u916c\u670d\u52d9\u6216\u6295\u8cc7\u76f8\u95dc\u670d\u52d9\u6216\u5176\u6240\u884d\u751f\u4e4b\u6210\u672c\uff0c\u6392\u9664\u975e\u652f\u6301\u4fdd\u96aa\u8ca0\u50b5\u4e4b\u6295\u8cc7\u8cbb\u7528\u3002<br \/>\n(\uff12)\u98a8\u96aa\u8abf\u6574\uff08Risk Adjustment\uff0cRA\uff09\uff0c\u4f9dICS\u6709\u95dc\u73fe\u6642\u4f30\u8a08\u5916\u52a0\u908a\u969b\uff08Margin over current estimate \uff0cMOCE\uff09\u4e4b\u4fe1\u8cf4\u6c34\u6e96\u8f49\u63db\u65b9\u5f0f\uff0c\u4e14\u4fe1\u8cf4\u6c34\u6e96\u70ba\u767e\u5206\u4e4b\u4e03\u5341\u4e94\u3002<br \/>\n(\uff13)\u5f37\u5236\u5206\u7d05\u5546\u54c1\u4e4b\u975e\u4fdd\u8b49\u7d66\u4ed8\u8a55\u50f9\uff0c\u5229\u5dee\u8a55\u4f30\u65b9\u5f0f\u63a1Hull White\u5229\u7387\u6a21\u578b\u60c5\u5883\uff08\u4e0b\u7a31HW\u6a21\u578b\uff09\u5efa\u69cb\u4e8c\u5e74\u671f\u5229\u7387\u60c5\u5883\uff08\u542b\u4e0a\u958bTBA\u6d41\u52d5\u6027\u8cbc\u6c34\u53ca\u5229\u7387\u8f49\u63db\u63aa\u65bd\uff09\uff1b\u6298\u73fe\u7387\u63a1HW\u6a21\u578b\u5efa\u69cb\u4e4b\u4e00\u5e74\u671f\u5229\u7387\u60c5\u5883\uff08\u542b\u4e0a\u958bTBA\u6d41\u52d5\u6027\u8cbc\u6c34\u53ca\u5229\u7387\u8f49\u63db\u63aa\u65bd\uff09\u3002<br \/>\n(\uff14)\u5229\u7387\u8b8a\u52d5\u578b\u4fdd\u96aa\u5546\u54c1\u4e4b\u975e\u4fdd\u8b49\u7d66\u4ed8\u8a55\u50f9\uff0c\u4f9d\u7167\u4e2d\u83ef\u6c11\u570b\u7cbe\u7b97\u5b78\u6703\uff08\u4e0b\u7a31\u7cbe\u7b97\u5b78\u6703\uff09IFRS17\u7cbe\u7b97\u5be6\u52d9\u8655\u7406\u6e96\u5247\uff08113\u5e74\u7248\u8349\u6848\uff09\u91cb\u4f8b\u4e8c\u5341\u4e00\uff08\u5229\u7387\u8b8a\u52d5\u578b\u5546\u54c1\u8207\u6a19\u7684\u9805\u76ee\u5831\u916c\u8b8a\u52d5\u5448\u975e\u7dda\u6027\u95dc\u4fc2\u4e4b\u73fe\u91d1\u6d41\u91cf\u8a55\u50f9\u65b9\u5f0f\uff09\u9032\u884c\u8a55\u4f30\u3002<\/p>\n<p>\uff17\u3001\u4fdd\u96aa\u696d\u65bc\u904e\u6e21\u65e5\u5982\u63a1IFRS17 \u9644\u9304C\u898f\u5b9a\u4e4b\u516c\u5141\u50f9\u503c\u6cd5\u6642\uff0c\u61c9\u63a1\u8a08\u76f4\u63a5\u8abf\u6574IFRS17\u5c65\u7d04\u73fe\u91d1\u6d41\u91cf\u65b9\u5f0f\u8a08\u7b97\u904e\u6e21\u65e5\u4fdd\u96aa\u5408\u7d04\u7fa4\u7d44\u4e4b\u8abf\u6574\u5f8c\u5c65\u7d04\u73fe\u91d1\u6d41\u91cf\uff0c\u4e26\u7531\u8a72\u8abf\u6574\u5f8c\u91d1\u984d\u8207IFRS17\u5c65\u7d04\u73fe\u91d1\u6d41\u91cf\u5dee\u984d\u6c7a\u5b9a\u8a72\u5408\u7d04\u7fa4\u7d44\u4e4b\u5408\u7d04\u670d\u52d9\u908a\u969b\u6216\u5269\u9918\u4fdd\u969c\u8ca0\u50b5\u4e4b\u640d\u5931\u7d44\u6210\u90e8\u5206\u3002\u8abf\u6574\u5f8c\u5c65\u7d04\u73fe\u91d1\u6d41\u91cf\u8a08\u7b97\u65b9\u5f0f\u898f\u7bc4\u5982\u4e0b\uff1a<br \/>\n(\uff11)\u6709\u95dc\u6298\u73fe\u7387\u61c9\u4f9d\u4e0b\u5217\u898f\u5b9a\u8fa6\u7406\uff1a<br \/>\n\u7532\u3001\u7121\u98a8\u96aa\u5229\u7387\u8207\u9ad8\u5229\u7387\u4fdd\u55ae\u4e4b\u5229\u7387\u8f49\u63db\u63aa\u65bd\uff0c\u61c9\u7b49\u540cIFRS17\u5c65\u7d04\u73fe\u91d1\u6d41\u91cf\u8a08\u7b97\u689d\u4ef6\u3002<br \/>\n\u4e59\u3001\u4e0d\u542b\u5229\u7387\u8f49\u63db\u63aa\u65bd\u4e4b\u6d41\u52d5\u6027\u8cbc\u6c34\uff0c\u61c9\u4f9d\u7167\u5e02\u5834\u53c3\u8207\u8005\u5c0d\u4fdd\u55ae\u5408\u7d04\u7fa4\u7d44\u7684\u6d41\u52d5\u6027\u89c0\u9ede\u8a55\u4f30\u6c7a\u5b9a\uff0c\u4e14\u4ee5IFRS17\u5c65\u7d04\u73fe\u91d1\u6d41\u91cf\u4e4bTBA\u6d41\u52d5\u6027\u8cbc\u6c34\u70ba\u4e0a\u9650\u3002\u53e6\u6709\u95dc\u9ad8\u5229\u7387\u4fdd\u55ae\u5229\u7387\u8f49\u63db\u63aa\u65bd\u4e4b\u984d\u5916\u6d41\u52d5\u6027\u8cbc\u6c34\u61c9\u540c\u4f9d\u672c\u4ee4\u4e00(\u4e00)\uff12\u898f\u5b9a\u6c7a\u5b9a\u4e4b\u5229\u7387\u8f49\u63db\u63aa\u65bd\u984d\u5916\u6d41\u52d5\u6027\u8cbc\u6c34\u3002<br \/>\n\u4e19\u3001\u4e0d\u5c65\u7d04\u98a8\u96aa\u8a2d\u5b9a\u70ba\u96f6\u3002<br \/>\n(\uff12)\u8a08\u7b97\u6700\u4f73\u4f30\u8a08\u8ca0\u50b5\u4e4b\u8cbb\u7528\u61c9\u5305\u62ec\u516c\u53f8\u5168\u90e8\u8cbb\u7528\uff0c\u4ea6\u5373\u6240\u6709\u7684\u76f4\u63a5\u8cbb\u7528\u53ca\u9593\u63a5\u8cbb\u7528\u3002<br \/>\n(\uff13)\u8a08\u7b97\u98a8\u96aa\u8abf\u6574\u61c9\u4f9dICS\u6709\u95dcMOCE\u4e4b\u4fe1\u8cf4\u6c34\u6e96\u8f49\u63db\u65b9\u5f0f\uff0c\u4fe1\u8cf4\u6c34\u6e96\u5f97\u65bc\u767e\u5206\u4e4b\u516b\u5341\u4e94\u81f3\u767e\u5206\u4e4b\u4e5d\u5341\u4e5d\u9ede\u4e94\u9593\u81ea\u884c\u9078\u5b9a\u3002<\/p>\n<p>\u4e8c\u3001\u672c\u4ee4\u81ea\u4e2d\u83ef\u6c11\u570b\u4e00\u767e\u5341\u4e94\u5e74\u4e00\u6708\u4e00\u65e5\u751f\u6548\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u91d1\u878d\u76e3\u7763\u7ba1\u7406\u59d4\u54e1\u6703\u3000\u4ee4 \u767c\u6587\u65e5\u671f\uff1a\u4e2d\u83ef\u6c11\u570b114\u5e743\u670818\u65e5 \u767c\u6587\u5b57\u865f\uff1a\u91d1\u7ba1\u4fdd\u8ca1\u5b57\u7b2c11404901651\u865f &hellip;&nbsp;<a href=\"https:\/\/insurance.vincent-chen.com\/tw\/%e4%bf%9d%e9%9a%aa%e6%a5%ad%e9%81%a9%e7%94%a8ifrs17%e6%8a%98%e7%8f%be%e7%8e%87%e7%ad%89%e7%9b%b8%e9%97%9c%e8%a6%8f%e5%ae%9a\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span 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